Crypto Beginner Guides

Buy Ethereum (ETH)

Ethereum

$103.01

Payments

Smart Contracts

Proof of Work

Ethereum – And the best way to buy it.

Ethereum is one of the most popular cryptocurrencies, ranking 2nd after Bitcoin. It is a digital currency that is founded on the blockchain computing platform. Ethereum is a decentralized public network that operates smart contracts in such a way that there is no likelihood of censorship, downtime, or fraud occurring. Here you will find a brief description of the best places where you can buy Ethereum, where to exchange them and where to store them.

There are multiple ways to buy Ethereum. If you have finally decided to get into the cryptocurrency game and buy the currency, you will be glad to know that it is really not that hard. One way to buy the currency is to use your debit or credit card. You will obviously need a broker to do this.

There is a wide selection of credible sources on the internet from where you can buy the currency. When looking for a broker, you should be aware that some of them do not operate in certain countries. As such, it is always advisable to inquire whether that particular broker operates in your country. Further, one of the methods to pay for the currency is through a bank transfer.

You will obviously have to register with the brokers, after which they will set up an e-wallet for you. This is where your Ethereum will be sent and stored. The other way to buy the cryptocurrency is to use Bitcoin. Anyone with Bitcoin can use it to buy Ethereum at any cryptocurrency exchange. The great thing is that if you choose to purchase Ethereum using Bitcoins, you will have a wide selection of renowned and trustworthy cryptocurrency exchange platforms. Furthermore, you can not buy Ether with cash Paypal.

Nonetheless, you can buy Bitcoins using either cash or Paypal and then use the BTC’s to purchase ETH. On the other hand, you can use Etherum decentralised exchange where you can exchange your Ether with other tokens, such as payment of goods and services in online stalls or physical stalls that accept payment through ETH.

If you do not want to use your Ethereum, you can decide to store it for further use. It is always advisable not to store them on an exchange platform but rather, store them offline using a hardware like Ledger Nano S.